your password has been reset successfully, Please login again.

Tata Sons Releases its First Digital Enterprise, Tata Digital; Commissions Pratik Pal as its CEO

Tata Sons, a holding firm of Tata Group, has initiated an enterprise in the digital sector, called Tata Digital.
BY Jaspreet Kaur
Feature Writer, BusinessEx
Aug 23,2019

As digitisation has become a prime focus in the ecosystem, entrepreneurs around the world are making use of this opportunity and foraying in the digital sphere. Recently, Tata Sons, a holding firm of Tata Group, has initiated an enterprise in the digital sector, called Tata Digital.    

Tata Sons has commissioned Pratik Pal as Chief Executive of the digital firm, Tata Digital. Pal has earlier worked with the software company, TCS, according to the daily news, Mint. 

“The new entity is ‘formed to incubate new digital businesses’,” an official statement from Tata Sons said. 

The company has not disclosed any investment amount or any other details in its statement. 

In an interview with the daily news, Group Chairman of Tata Sons, N. Chandrasekaran told that Tata Sons would invest INR 1,000 crore in the new business.

"The company will create many digital platforms. We have already identified the platforms we want to create. The first platform is already being built and the next two to three platforms are in the process of being developed," Chandrasekaran said.

Pratik Pal Will Helm Tata Digital 

Before joining Tata Digital, Pratik Pal has worked at TCS as the Global Head of travel, transportation, hospitality, and various other segments.  

“Pal was responsible for the growth of TCS' second-largest industry segment as the global head of retail, travel, transportation, hospitality, and consumer packaged goods industry unit,” the company statement said.

"Pratik brings strong domain knowledge of consumer-centric businesses to this role combined with a deep understanding of how new digital technologies are disrupting these industries. As the CEO of Tata Digital, Pratik will play a key role in building new platforms of growth," Chairman at Tata Sons, N Chandrasekaran told the daily news. 

“His experience and commitment will be very valuable in shaping and developing new opportunities for Tata Group in the digital economy,” Chandrasekaran added. 

Tata Group Consolidating Its Foothold

The e-commerce industry in India is getting competitive as two key players, Amazon and Walmart-backed Flipkart are enticing consumers with massive promotions and retailing strategies. To compete with these two e-tailers, Tata CLiQ, which is an e-commerce venture of Tata Group, has received an investment of INR 292 crore from the group company in April 2019, according to the company’s regulatory filings. 

The current year’s investment was 30 per cent higher than the financial year 2018, where INR 224 crore investment was done, according to the filings to RoC (Registrar of Companies).  

Similar to this investment, Tata Group has enhanced its other business by getting into collaboration. Earlier in June, Tata Sky, a joint venture of Tata Sky and 21st Century Fox, has collaborated with Amazon to render users access to several video streaming applications through a one-time subscription fee of INR 249.     

So, by adopting new techniques and trends, the conglomerate firm is trying to fortify its foothold in the growing Indian market. 


Please add your Comment
SIMILAR Articles
April 04, 2020
During the quarantine, entrepreneurs need to adapt transition and embrace some of the healthy practi ...More
By Jaspreet Kaur
April 03, 2020
The webinar unveiled important segments and tips that the entrepreneurs are overlooking in this dire ...More
By Jaspreet Kaur
March 31, 2020
Besides taking crucial business decisions, an entrepreneur is accountable for the welfare of his emp ...More
By Jaspreet Kaur
March 27, 2020
When opting work from home for all employees, there are a vast set of problems that an entrepreneur ...More
By Jaspreet Kaur
March 26, 2020
The Indian government has proclaimed a financial package covering various severely hit sectors in it ...More
By Jaspreet Kaur
March 23, 2020
the Indian government is stepping up and implementing strategies, over cautionary measures that it i ...More
By Jaspreet Kaur
March 14, 2020
Women entrepreneurs are grabbing opportunity to make the most of it and embracing challenges that ar ...More
By Jaspreet Kaur
March 06, 2020
The Bengaluru-based commercial realty investment firm, Strata has received an offering of $1.5 milli ...More
By Jaspreet Kaur
March 04, 2020
Trell is a mobile application that helps the Indian users to share and ascertain personalized recomm ...More
By Jaspreet Kaur
February 21, 2020
The changing business ecosystem is speedily adapting innovation and seeks participating businesses t ...More
By Jaspreet Kaur
February 18, 2020
Edtech startup, PlanetSpark has raised INR3.2 crore in Pre-Series A funding round by Indian Angel Ne ...More
By Jaspreet Kaur
February 16, 2020
Companies have begun employing information technology to develop their productivity in a series of d ...More
By Jaspreet Kaur